Funding helps green energy firm expand

Tockwith-based VerdEnergy is expanding to cope with growing business. (S)Tockwith-based VerdEnergy is expanding to cope with growing business. (S)
Tockwith-based VerdEnergy is expanding to cope with growing business. (S)
A wood fuel company based at Tockwith has completed a major expansion plan to bring clean green energy to more customers.

VerdEnergy was set up in 2015 with the mission to become the North’s pre-eminent supplier of wood pellets for biomass boilers.

Since then it has trebled its turnover, supplying over 500 customers with 15,000 tonnes of pellets across the North of England.

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It is now using £200,000 of funding from NPIF–Mercia Debt Finance, part of the Northern Powerhouse Investment Fund, to buy two more specialised delivery trucks and create a new supply depot at Forcett, near Scotch Corner, adding to the company’s network of bases at Tockwith and Howden in the East Riding.

Mark Duncan, managing director of VerdEnergy, said: “This expansion will make us even more resilient. Our growth has vindicated our belief that there was a gap in the market for a good-quality wood-pellet supplier also offering a one-stop solution for customers including servicing and maintenance.

“Woodfuel is the world’s oldest renewable resource and allied to modern processing techniques and boiler technology it is experiencing a new dawn.”

Using woodfuel has been described as a virtuous circle. Harvesting timber means woods can be more actively managed, which is good for wildlife, employment and the environment.

Once a niche sector, now hundreds of homes, farms, schools, offices, leisure centre and hotels across the region are heated with wood pellets.

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